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    APG, CalSTRS and ADIA back Capital Dynamics’ $1.2bn renewables fund (IPE)

    APG, CalSTRS and ADIA back Capital Dynamics’ $1.2bn renewables fund (IPE)

    Investors from North America, Europe, Asia and the Middle East have once again backed Capital Dynamics to raise $1.2bn (€1.04bn) for its latest clean energy and infrastructure fund at final close.

    Clean Energy and Infrastructure VII JV (CEI VII) received commitments from the €480bn Dutch asset manager APG, the $225bn California State Teachers’ Retirement System and a subsidiary of the Abu Dhabi Investment Authority.

    Capital Dynamics said the three investors had also invested in the previous CEI V vehicle, which held its final close earlier this year at $1.2bn.

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